LOAN REDEMPTION
SOUTH AFRICAN PLAN STRENGTH OF FINANCES (British Official Wireless.) Reed. !) a.m. RUGBY, March 27. A striking example of South Africa’s ability to carry out her declared policy of debt redemption and the repatriation of loan funds is contained in the announcement that the Union Government has decided to exercise the option to redeem at par £7,900,000, portion of the loan held in London as South African 5 per cent inscribed stock, 1940-00. The repayment of the loan obviates a call on the London capital market at a time when heavy demands are beimj made on it, and will no doubt strengthen South Africa’s position should the Union at a later stage, as 4 result of heavy defence expenditure, find it necessary to enter the market!
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Bibliographic details
Gisborne Herald, Volume LXVII, Issue 20208, 29 March 1940, Page 8
Word Count
127LOAN REDEMPTION Gisborne Herald, Volume LXVII, Issue 20208, 29 March 1940, Page 8
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